Elevation Point Wealth Partners LLC Has $2.59 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Elevation Point Wealth Partners LLC increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,731 shares of the credit services provider's stock after acquiring an additional 537 shares during the period. Elevation Point Wealth Partners LLC's holdings in Mastercard were worth $2,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. West Branch Capital LLC boosted its holdings in shares of Mastercard by 10.9% during the first quarter. West Branch Capital LLC now owns 7,669 shares of the credit services provider's stock worth $4,203,000 after purchasing an additional 756 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Mastercard by 3.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 1,589 shares of the credit services provider's stock worth $871,000 after purchasing an additional 48 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in shares of Mastercard by 18.6% during the 1st quarter. Everhart Financial Group Inc. now owns 5,518 shares of the credit services provider's stock worth $3,025,000 after buying an additional 867 shares during the period. Marshall Financial Group LLC increased its stake in shares of Mastercard by 1.4% in the first quarter. Marshall Financial Group LLC now owns 4,059 shares of the credit services provider's stock worth $2,225,000 after purchasing an additional 56 shares during the period. Finally, Puff Wealth Management LLC bought a new position in Mastercard in the 1st quarter worth approximately $231,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Down 4.7%

Shares of Mastercard stock traded down $27.78 on Friday, reaching $561.50. 5,902,461 shares of the company were exchanged, compared to its average volume of 2,614,237. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a 50-day moving average of $555.17 and a 200 day moving average of $543.88. The company has a market capitalization of $511.92 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business earned $3.31 EPS. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider now directly owns 58,451 shares of the company's stock, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,686 shares of company stock valued at $26,430,428 in the last quarter. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MA. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Macquarie reduced their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Finally, UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.